Question: 4 Problem 1 9 - 1 6 ( Statlc ) 1 0 A garden store prepares various grades of pine bark for mulch: nuggets (
Problem Statlc
A garden store prepares various grades of pine bark for mulch: nuggets mininuggets and chips The process requires pine bark, machine time, labor time, and storage space. The following model has been developed.
:
Subject :
Machine pounds
Labor minutes
Storage bags
What is the marginal value of a pound of pine bark? Round your onswer to declmal places.
The marginal value of a pound of bark is
Over what range is this price value appropriate?
This marginal value is in effect from
Ibs. to
Ibs. of bark
b What is the maximum price the store would be justified in paying for additional pine bark? Round your answer to declmal pleces.
Maximum price
per pound
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